JumpStart and GCP to provide $20M for Ohio companies

CLEVELAND, Ohio — JumpStart’s $20 million for-profit venture capital NEXT Fund has announced it is receiving support from the Greater Cleveland Partnership, or GCP. The fund assists Ohio companies in finding capital to fund growth.

“When GCP launched JumpStart in 2001, our hope was that the organization could truly raise the bar for high-growth start-up companies in the region,” said GCP President and CEO Joe Roman. “This fund demonstrates how JumpStart continues to outperform original expectations.”

Ray Leach, CEO of Jumpstart, indicated that the GCP was one of the earliest investors to sign on, “which is a tremendous vote of confidence from the overall business community in JumpStart’s fundraising efforts.”

The GCP will host an informational meeting about the fund at 4:30 p.m., Nov. 12 at the GCP offices, 1240 Huron Road East.

Source: Virtual Press Office



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Tory Troutman

Tory Troutman, native Oklahoman, was a classical music announcer at KCSC-FM (now KUCO) for 25 years, starting while a student in the University of Central Oklahoma's English Department. He has worked with Korean master's degree candidates for over ten years on English improv...